(Bloomberg) — Lumber is on a tear again, bringing back the specter of increasing construction costs. Lumber futures have recouped recent losses and risen by the exchange maximum of $45 for six consecutive sessions, touching $1,204.90 per 1,000 board feet Wednesday, the highest in three weeks. After prices slumped in January amid cold U.S. weather […]
Read More(Bloomberg) — Strong building demand and renewed supply challenges have sent lumber prices surging to the highest in six months. Lumber futures on the Chicago Mercantile Exchange jumped 4.4% to a six-month high of $1,069.30 per 1,000 board feet Friday. This extends a 68% rally that began in mid-November, when flooding in Canada’s westernmost province […]
Read MoreResolute Forest Products Inc., together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached kraft pulp, which is used to make a range of consumer […]
Read MoreTwo surprising areas of strength in the economy for more than a year have come from the Homebuilders and Construction industries. Against the backdrop of economic pressures from the pandemic, it’s natural to think that economically sensitive industries like Homebuilders, Construction, and others would see decreases in demand. The shift of corporate America to work-from-home […]
Read MorePlus, Bed Bath & Beyond said sales rose nearly 50% in the first quarter, Plug Power got a new Buy rating, and Taboola has gone public via a SPAC acquisition.
Read MoreOne of the surprising areas of strength in the economy over the last year are the Homebuilders and Construction industries. Against the backdrop of economic pressures from the pandemic, it’s natural to think that the economically sensitive industries like Homebuilders, Construction, and others would see decreases in demand. The shift of corporate America to work-from-home […]
Read MoreThese 2 stocks could get a boost as lumber prices rise and home improvement demand continues to surge.
Read MoreBuy Price: $31.00 or better Sell Price: TradersPro Sell Signal Lumber Liquidators Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species; engineered hardwood, laminate, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile flooring products; renewable flooring, and […]
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